Treasuries Weekly — January 23, 2026: 22,315 BTC from 2 entities

The big picture The Week

Strategy (MSTR) acquired 22,305 BTC ($2.1B) on January 20th, dominating the week's activity and lifting total corporate BTC purchases to 22,315 BTC across two filers. The Smarter Web Company (SWC.L) added a modest 10 BTC ($902.9K) the following day. BTC traded near $65,616 mid-week, a 6.4% gain from the prior week, though the Fear & Greed Index remained at 23 (Extreme Fear), signaling persistent uncertainty despite corporate accumulation.

Filings Recent Purchases

Company	Amount	USD	Date
Strategy (MSTR)	22,305 BTC	$2.1B	Jan 20
The Smarter Web Company PLC (SWC.L)	10 BTC	$902.9K	Jan 22

See filings as they land →

Worth reading Notable Filings

Strategy's $2.1B BTC purchase on January 20th marks its largest single acquisition in the dataset window, lifting the company's disclosed holdings to 846,843 BTC, now worth $55.6B at current valuation — a $55.6B position dwarfing the second-largest corporate holder (BlackRock iShares Bitcoin Trust at $50.3B). Separately, BitMine Immersion Technologies (BMNR) disclosed a total ETH position of 4,203,036 ETH ($103.6M added since last disclosure), reflecting cumulative accumulation across multiple periods rather than this week's activity alone. The BMNR disclosure marks the week's sole ETH balance update.

Period-end balances Disclosed This Week

These companies revealed their total balance-sheet position in a filing this week. The change shown is cumulative since each company's last disclosure — a multi-quarter figure, not a purchase made this week.

Company	Total now disclosed
BitMine Immersion Technologies (BMNR) +35,268 ETH ($103.6M) since last disclosure	4,203,036 ETH

Leaderboard Top Five

The largest tracked holders overall — companies, funds, and governments — ranked by total position, not by this week's activity.

#	Company	Holdings	Value
1	Strategy (MSTR)	846,843 BTC	$55.6B
2	BlackRock iShares Bitcoin Trust (IBIT)	766,163 BTC	$50.3B
3	United States (GOV-US)	328,372 BTC	$21.5B
4	Fidelity Wise Origin Bitcoin Fund (FBTC)	179,735 BTC	$11.8B
5	Grayscale Bitcoin Trust (GBTC)	140,665 BTC	$9.2B

Full leaderboard →

The breakdown This Week by Asset

Asset	This week's activity	Net USD · share
BTC 2 entities		$2.1B 100.0%

Strategy now holds 22% of all tracked corporate and ETF BTC supply, with IBIT (BlackRock's spot ETF) at 21% and the U.S. government at 9%. The top 10 holders control 72% of the cohort's disclosed supply. Corporate single-week buying ($2.1B) remains material but micro-scale relative to the $55.6B position Strategy carries — a reminder that treasury depth now matters more than cadence for understanding adoption's structural weight.

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You're reading Treasuries Weekly — a briefing on corporate BTC, ETH, and SOL balance-sheet adoption from CorpStacking.
Editorial is not investment advice. Data sourced from SEC EDGAR, CoinGecko, and primary corporate filings.

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